wheels_down, no as I understand it the unsecured debt gets 9 ~ 13 cents on the dollar, the secured debt is paid down releasing the 40 or so 'owned' 737s for sale and leaseback, the redundant employees payed out, trade creditors payed and off we go into the glorious sunny uplands of milk and honey with Unicorns farting Rainbows and Fairies sprinkling happy dust far and wide.
